For the 24 hours to 23:00 GMT, Silver declined 0.53% against the USD and closed at USD16.07 per ounce, tracking losses in gold prices.
In the Asian session, at GMT0300, the pair is trading at 15.97, with silver trading 0.59% lower against the USD from yesterday’s close.
The pair is expected to find support at 15.86, and a fall through could take it to the next support level of 15.75. The pair is expected to find its first resistance at 16.13, and a rise through could take it to the next resistance level of 16.29.
The white metal is trading below its 20 Hr and 50 Hr moving averages.